---
schema_version: "secwatch.filing_event.v1"
accession: "0001048268-23-000098"
form_type: "8-K"
ticker: "IESC"
cik: "0001048268"
company_name: "IES Holdings, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T15:59:05.327064+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IES Holdings Q4 EPS $1.66 vs $0.72 YoY; revenue up 5%; promotes Simmes to President

## Summary
- Q4 revenue $649M (+5% YoY); net income $37.8M (+133%); diluted EPS $1.66.
- FY2023 revenue $2.4B (+10%); operating income $159.8M (+185%); diluted EPS $4.54.
- Residential segment reorganized; op income $82.9M (+41%) despite severance costs.
- No debt; cash $75.8M; $37.6M buyback remaining; operating cash flow $153.9M.
- Simmes promoted to President & COO; granted 25k phantom stock units vesting 2026.

## SEC filing metadata
- accession: 0001048268-23-000098
- form_type: 8-K
- ticker: IESC
- cik: 0001048268
- company_name: IES Holdings, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000098/0001048268-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000098/iesc-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001048268-23-000098
- JSON: https://secwatch.observer/filing/0001048268-23-000098.json
- Plain text: https://secwatch.observer/filing/0001048268-23-000098.txt

## Key facts
- Earnings Releases
  IES Holdings, Inc. reported the quarter and fiscal year ended September 30, 2023 results: revenue $2.4 billion, net income $108.3 million, EPS $4.54.
  - Period: the quarter and fiscal year ended September 30, 2023
  - Revenue: $2.4 billion
  - Net income: $108.3 million
  - EPS: $4.54
  - Result: reported results
  source text: “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2023. Fourth Quarter 2023 Highlights • Revenue of $649 million for the fourth quarter of fiscal 2023, an increase of 5% compared with $617 million for the same quarter of fiscal 2022 • Operating income of $53.2 million for the fourth quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000098/0001048268-23-000098-index.htm
- Earnings Releases
  IES Holdings, Inc. reported the quarter and fiscal year ended September 30, 2023 results: revenue $2.4 billion, net income $108.3 million, EPS $4.54.
  - Period: the quarter and fiscal year ended September 30, 2023
  - Revenue: $2.4 billion
  - Net income: $108.3 million
  - EPS: $4.54
  - Result: reported results
  source text: of September 30, 2023 • Backlog (a non-GAAP financial measure, as defined below) of approximately $1.6 billion as of September 30, 2023 Fiscal Year 2023 Highlights • Revenue of $2.4 billion for fiscal 2023, an increase of 10% compared with $2.2 billion for fiscal 2022 • Operating income of $159.8 million for fiscal 2023, an increase of 185% compared with $56.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000098/0001048268-23-000098-index.htm
- Executive change
  Matthew J. Simmes changed role as President and Chief Operating Officer at IES Holdings, Inc..
  - Action: promoted
  - Role: President and Chief Operating Officer
  source text: On December 7, 2023, the Company announced the promotion of Matthew J. Simmes, the Company’s Chief Operating Officer, to the position of President, effective as of December 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000098/0001048268-23-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.